2020 Fellows Symposium — A force for good: Using behavioral finance to improve retirement outcomes
The TIAA Institute and the Pension Research Council at The Wharton School of the University of Pennsylvania co-hosted a Fellows Symposium on June 25, 2020. The symposium examined two key topics: 1) how behavioral biases can affect retirement savings and 2) common financial mistakes and how they arise.
New research was presented from leading scholars in the field of behavior finance, including:
Jennifer Coats, Colorado State University
Using Behavioral Prompts to Improve Saving and Investment Decisions
Suzanne B. Shu, University of California, Los Angeles
The Role of Affect and Social Norms in Preferences for Guaranteed Income Streams in Retirement
Robert Clark, North Carolina State University, TIAA Institute Fellow
Impact of Automatic Enrollment in Retirement Savings Plan for Public Employees
Leora Friedberg, University of Virginia, TIAA Institute Fellow
Do Mandatory Retirement Contributions Crowd Out Voluntary Contributions?
Jordan Nickerson, Boston College
Moving the Goalposts
Olivia S. Mitchell, University of Pennsylvania, TIAA Institute Fellow
Understanding Debt Among the Older Population
These studies help advance understanding of behavioral factors and biases that can affect important financial decisions, while also exploring interventions that can enhance retirement security.